Christophe Fouquet

The last three months have brought a lot of clarity.

And I think what you see basically is that the semi-industry, our customers, start to believe that this AI demand is sustainable.

And therefore, they have moved into building capacity and they are moving very aggressively.

And I think this has been very nicely translated indeed into a recalled booking number.

So that's, of course, very good news for the mid-term.

I think we have all been surprised by the magnitude of AI, and we all saw it coming a bit.

But at the same time, we see those investments coming out, and it's pretty big.

And I think that all of us are continuing to watch, basically, for the sustainability of those investments.

I think sustainability is a key word.

I think the question is always, is this going to last?

I think that more and more of our customers are responding positively to that question.

We are looking at a record quarter.

We are looking at a record year.

So this is very good already for 2025.

And in the course of last year, we sometimes had some doubts, basically, on what AI will do to our business.

Because, to be honest, it took a bit of time to convert some of the great announcements we heard from the AI company to semiconductor.

But the last three months have brought a lot of clarity.

We are looking at a record quarter.

We are looking at a record year.

So this is very good already for 2025.